THE END OF SPECIAL SERVICING?

Special servicers rose to prominence as the mortgage crisis took hold in 2008, primarily assisting overwhelmed servicers in handling loan modification requests. When the meltdown's effects eased, most loss mitigation companies exited the space and large providers consolidated as the segment contracted.

Special servicing as we knew it has ended, but another breed of component servicers has evolved into the servicing mainstream.

What role is the component servicer playing today, and how are they adapting?

What does their strategy look like 2-5 years out?

What are the current opportunities and challenges faced by component servicers?

How are these changes in servicing affecting the broader mortgage servicing industry and what are the implications in this compliance-driven environment?

Will their presence have an effect on the return of private investment capital to the industry?